Utah has routinely been ranked as one of the best states for doing business during the past ten years. A friendly regulatory environment with tremendous development potential benefits business owners.
If you choose to start a new business in Utah, you’ll have plenty of company among the more than 313,500 other small business owners.
It should also forecast sales for the company and set up a budget.
Leading Manufacturers in Utah
10. Vivint, Inc
In the United States and Canada, Vivint is a publicly traded innovative home firm. Keith Nellesen and Todd Pedersen launched it in 1999. The Blackstone Group purchased Vivint in 2012 for more than $2 billion.
The business concluded a merger in January 2020 to become a publicly traded corporation on the New York Stock Exchange. In Provo, Utah, Keith Nellesen and Todd Pedersen established APX Alarm Security Solutions.
The business sold and installed security systems during that time. In February 2011, APX Alarm Security Solutions changed its name to Vivint. The Blackstone Group purchased Vivint in November 2012. In 2011, the business introduced Vivint Solar, a solar energy provider. In October 2014, Vivint Solar went public, and Sunrun later acquired it.
9. Clyde Companies, Inc
Clyde Companies is a well-known provider of supplies and services to the building sector in the Intermountain West. Our companies take great satisfaction in delivering excellent products and trustworthy results for projects of all sizes.
The eight subsidiary firms in the construction, building products, and insurance industries are serviced by the administrative entity Clyde Companies, Inc. About a century ago, W.W. Clyde established the first enterprise of the Clyde family, WW Clyde, a significant civil construction business in Springville, Utah.
Over the next fifty years, the Clyde family acquired four more companies. To unify the management of these organizations, Clyde Companies, Inc. was founded in 1997.
8. Young Living Essential Oils
In Lehi, Utah, there is a company named Young Living that engages in multi-level marketing. It was started in 1993 by Donald Gary Young and sold essential oils and other related products.
With 2,000 employees, Young Living Essential Oils is the largest industrial company owned by women in the US. The company’s headquarters are located at this Lehi plant, which opened in 1993 and produces essential oils and health products with additional oils.
With farms and distilleries dispersed over six continents, the firm preserves its “seed to seal” dedication. When Young Living was founded in Riverton, Utah, in 1993, Gary Young served as the company’s CEO.
In 1994, the business was incorporated there. Young acquired a second home in Mona, Utah, in 1996.
7. BioFire Diagnostics
The BioFire System panels, which have received FDA approval, test samples for yeast, bacteria, viruses, parasites, and genes linked to antibiotic resistance. Salt Lake City-based BioFire Diagnostics produces DNA analysis tools for the molecular diagnostics, life science, biodefense, and water/food testing sectors.
A fast diagnostic test for COVID was also developed with significant assistance from the industry. With more than 25 years of molecular experience, BioFire Diagnostics, LLC, sets the standard for molecular diagnostics with its ground-breaking advancements in syndromic infectious disease testing.
BioMérieux, which is its Global Center of Excellence for Molecular Diagnostics, is the only company with CE-IVD-approved assays and FDA-cleared for more diseases.
6. Lifetime Products, Inc
Privately held Lifetime Products Inc. was established in 1986. Along with OEM steel and plastic products from other firms, its principal products include blow-molded polyethylene foldable chairs and tables, picnic tables, home basketball equipment, shelters, coolers, kayaks and paddleboards, lawn and garden items, and picnic tables.
Lifetime Products, Inc. of Clearfield completes our list of the top ten companies. Numerous consumer and commercial goods, such as folding tables, portable basketball equipment, tubing, and sheet metal prototypes, are produced by Lifetime Products.
The business, which was founded in 1986, reports $500 million to $1 billion in yearly sales.
5. Northrop Grumman Innovation Systems, Inc.
Northrop Grumman Innovation Systems was a branch of the business from 2018 to 2019. It originated from Orbital ATK Inc., a company that was founded in 2015 as a result of Orbital Sciences Corporation and a component of Alliant Techsystems joining forces.
Northrop Grumman purchased orbital ATK in 2018. The 3.4 million square foot Northrop Grumman factory in Corrine has annual sales between $400 and $500 million.
Northrop Grumman Innovation Equipment created, produced, and offered systems for space, defense, and aviation to customers all throughout the world as a prime contractor and merchant supplier.
There were about 12,000 employees, including 4,000 engineers and scientists, 7,000 manufacturing and operations professionals, and 1,000 management and administrative staff.
4. Merit Medical Systems
Since its founding in 1987, Merit Medical Systems, Inc. has focused on developing, manufacturing, and disseminating specialized disposable medical devices for interventional, diagnostic, and therapeutic procedures, particularly in cardiology, radiology, oncology, critical care, and endoscopy.
Merit Medical Systems is a multinational company that manufactures medical technology. Merit Medical is a leading manufacturer and marketer of distinctive disposable medical devices used in interventional, diagnostic, and therapeutic procedures, particularly in cardiology, radiology, oncology, critical care, and endoscopy.
With 2,000 people and a 700,000-square-foot facility, the business’s South Jordan headquarters specializes in innovative disposable medical devices used in interventional and diagnostic cardiology, radiology, and endoscopic procedures.
The most significant safety supplier in the world, Autoliv has operations in 28 nations and 14 Tech Centers worldwide. They create, develop, and produce cutting-edge passive safety systems and mobile safety solutions for the automotive industry.
Autoliv, based in Sweden, is the leading supplier of vehicle safety products globally. This Autoliv facility in Ogden employs 1,700 people and manufactures and exports airbags globally.
About 60,600 employees have been driven by the mission to Save More Lives to develop technologies and partnerships that best address safety requirements in both the present and the future of mobility.
2. DoTERRA International
DoTERRA is a Latin word that translates to “gift of the soil.” DoTERRA has always aimed to make the highest-quality essential oils widely available. When a group of business and medical professionals realized the enormous benefits of using these priceless resources, they decided to make that dream a reality in 2008.
DoTerra is a 2008 startup that produces therapeutic-grade essential oils under manufacturer contracts for cosmetics, spa products, and dietary supplements.
The company reports $2 billion in annual revenues. DoTERRA demands the highest level of purity from every oil. A new quality standard, CPTG Certified Pure Tested Grade, was created as a result of this commitment.
Aquatherm manufactures polypropylene pipes and tubes in both unique and standard sizes. They offer a variety of fittings, including butt-fusion, socket, segmented, transition, black plate, transition street, and short-radius elbows.
Additionally, they have end caps, molded sockets, butt-fusion, segmented, reduction, and outlet tees. They also have couplings, bushings, unions, joints, and joints.
They also sell straps, valves, saws, rings, and adapters, among other products. The industry can use its pipes for heating, cooling, compressed air, potable water, and fire prevention.
Frequently Asked Questions (FAQs)
Which is the best manufacturing company in Utah?
Vivint, Inc is the best leading manufacturing company situated in Utah.
What are the top companies in Utah in 2022?
Recent statistics claim that Utah is the leading place. In addition, Aquatherm and HotJet are some of the other top companies.
What is the revenue of the best manufacturing companies estimated around?
Manufacturing in Utah is responsible for 10.82% of total production and 8.77% of employment. $19.19 billion was produced in manufacturing in 2018.
Having 133,000 manufacturing workers on average in 2018, Utah had an average annual wage of $68,974.36 in 2017. The state exported $13.59 billion worth of manufactured goods in 2018.
What is the admission procedure for starting a company in Utah?
Doing business as (DBA) forms are required by the Utah Division of Corporations and Commercial Code for partnerships and single proprietors who conduct business under a name other than the owners’ legal names.
Whether it is submitted online or on paper, the form must be fully completed and costs $22.
Which external factors determine the choice of companies in Utah?
By monitoring their competitors, businesses can expand their market share and remain relevant to their customers. They are able to recognize and assess triumphs and difficulties, choosing what to include in their methodologies and how to avoid financial loss.
They can also use the data they gather to create concepts for product updates, product relaunches, and new product creation.
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